Energy / Oil & Gas Exploration & ProductionUpdated 2026-05-10 22:07 UTC

SHA/600938 stock hub

SHA/600938 has a live ticker hub with the latest available market, valuation, profitability, growth, ownership, and risk indicators.

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Fair value midpoint

n/a

Fair value pending

Upside to midpoint

n/a

Based on latest report

Confidence

n/a

Data quality and model convergence

Market cap

1.1T

Shanghai Stock Exchange

Market data

Live price

Current market quote for this ticker.

Current price

SHA/600938

In the news

Latest news · SHA/600938

Recent company headlines from major financial publishers.

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Fetching the latest headlines.

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Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector context

Where the current metrics sit

Percentiles come from the backend screener cohort cache for the ticker's country and sector.

Forward P/E6.9

P25 11.7P50 14.3P75 28.9

Trailing P/E9.1

P25 15.4P50 26.3P75 60.7

ROE15.3

P25 0.6P50 4.6P75 9.6

ROIC19.2

P25 1.7P50 4P75 8.7

Benchmarks - 1M

S&P 500n/a

Nasdaq Compositen/a

Dow Jones Industrial Averagen/a

Russell 2000n/a

Indicator catalog

All SHA/600938 market and fundamental indicators

A searchable catalog of the available market, valuation, profitability, growth, balance-sheet, ownership, and analyst metrics for this ticker.

Available fields

224

Groups with data

Currency

CNY

Showing 224 of 224 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Country	Hong Kong
Country code	CN
Employees	22,045
Employees Change	-136%
Employees Change Percent	-0.61
Enterprise value	CNY 939.6B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
First seen	2026-05-10
Industry	Oil & Gas Exploration & Production
Isin	CNE100005980
Last refreshed	2026-05-10
Market cap	CNY 1.1T
Price	CNY 36.35
Price currency	CNY
Rev Per Employee	18,482,422.32x
Sector	Energy
Sic	1311
Symbol	sha/600938
Website	https://www.cnoocltd.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings Yield	11.02%
EV Earnings	7.54x
EV/EBIT	5.64x
EV/EBITDA	3.8x
EV/FCF	10.17x
EV/Sales	2.34x
FCF yield	8.16%
Forward P/E	6.94x
P/B ratio	1.35x
P/E ratio	9.08x
P/S ratio	2.78x
PE Ratio10 Y	24.39x
PE Ratio3 Y	6.39x
PE Ratio5 Y	5.58x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT Margin	41.51%
EBITDA Margin	60.99%
FCF margin	22.67%
Gross margin	76.41%
Gross Profit	CNY 311.3B
Gross Profit Growth	-5.97%
Gross Profit Growth Q	1.73%
Gross Profit Growth3 Y	-1.76%
Gross Profit Growth5 Y	21.9%
Net Income	CNY 124.7B
Net Income Growth	-7.51%
Net Income Growth Q	7.06%
Net Income Growth Years	0%
Net Income Growth3 Y	-3.68%
Net Income Growth5 Y	29.24%
Pretax Margin	42.25%
Profit Margin	30.6%
Profit Per Employee	CNY 5.7M
Profitable Years	28
ROA	9.38
Roa5y	10.66
ROCE	16.21
ROE	15.35
Roe5y	19.27
ROIC	19.19
Roic5y	21.11

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
Cagr1y	52.49%
Cagr3y	31.69%
Div CAGR3	-7.68%
EPS Growth	-7.47
EPS Growth Q	6.49
EPS Growth Years	0
EPS Growth3 Y	-3.79
EPS Growth5 Y	27.63
FCF Growth	-5.8%
FCF Growth Q	-16.06%
FCF Growth3 Y	-6.91%
OCF Growth	-5.17%
OCF Growth Q	-3.71%
OCF Growth10 Y	9.96%
OCF Growth3 Y	-1.74%
OCF Growth5 Y	18.31%
Revenue Growth	-2.03x
Revenue Growth Q	8.63x
Revenue Growth Years	0x
Revenue Growth3 Y	-1.71x
Revenue Growth5 Y	19.04x

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Asset Turnover	CNY 0.36
Assets	CNY 1.2T
Cash	CNY 266.3B
Current Assets	CNY 342.9B
Current Liabilities	CNY 108.3B
Debt	CNY 69.4B
Debt EBITDA	CNY 0.28
Debt Equity	CNY 0.08
Debt FCF	CNY 0.75
Equity	CNY 839.6B
Interest Coverage	61.2
Liabilities	CNY 312B
Long Term Assets	CNY 808.6B
Long Term Liabilities	CNY 203.7B
Net Cash	CNY 197B
Net Cash By Market Cap	CNY 17.4
Net Cash Growth	42.01%
Net Debt EBITDA	CNY -0.79
Net Debt Equity	CNY -0.23
Net Debt FCF	CNY -2.13
Tangible Book Value	CNY 818.9B
Tangible Book Value Per Share	CNY 17.23
WACC	5.75

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	3.17
Inventory Turnover	16.93
Net Working Capital	CNY -27.9B
Quick ratio	3.03
Working Capital	CNY 234.6B
Working Capital Turnover	CNY 1.99

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback Yield	0.02%
Dividend Growth	-0.45%
Dividend Growth Years	0%
Dividend per share	CNY 1.27
Dividend Years	4
Dividend Yield	3.5%
Ex Div Date	2025-10-17
Last Dividend	CNY 0.67
Payout Frequency	Semi-Annual
Payout Ratio	48.46%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
1Y total return	52.45%
200-day SMA	30.9
3Y total return	128.4%
50-day SMA	39.45
50-day SMA vs 200-day SMA	50over200
All Time High	44.54
All Time High Change	-18.39%
All Time High Date	2026-03-09
All Time Low	12.96
All Time Low Change	180.48%
All Time Low Date	2022-04-21
ATR	1.23
Beta	0.3
Ch YTD	20.44
High	36.82
High52	44.54
High52 Date	2026-03-09
High52ch	-18.39%
Low	36.28
Low52	24.9
Low52 Date	2025-05-08
Low52ch	45.98%
Ma50ch	-7.87%
Price vs 200-day SMA	17.66%
RSI	38.78
RSI Monthly	65.91
RSI Weekly	56.77
Sharpe ratio	1.33x
Sortino ratio	2.48
Total Return	3.52%
Tr YTD	20.44
Tr1m	-8.58%
Tr1w	-5.04%
Tr3m	5.98%

Analyst estimates

Ratings, targets, revisions, and forward estimate fields.

Metric	Value
Operating Income	CNY 169.2B
Operating Income Growth	-8.79
Operating Income Growth Q	2.73
Operating Income Growth3 Y	-3.07
Operating Income Growth5 Y	29.93
Operating margin	41.51

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	17,178,673,766%
Net Borrowing	-22,800,000,000
Shares Insiders	0.01%
Shares Institutions	3.62%
Shares Qo Q	1.2%
Shares Yo Y	-0.02%

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Adjusted FCF	CNY 92.4B
Average Volume	56,860,674.85x
Bv Per Share	17.61
CAPEX	CNY -114.6B
Ch1m	-8.58
Ch1w	-5.04
Ch1y	45.28
Ch3m	5.98
Ch3y	96.49
Ch6m	27.77
Change	-0.03%
Change From Open	-0.95
Close	36.36
Days Gap	0.94
Depreciation Amortization	79,334,000,000
Dollar Volume	1,454,815,185.1
Earnings Date	2026-04-28
EBIT	CNY 169.2B
EBITDA	CNY 248.5B
EPS	CNY 2.62
F Score	6
FCF	CNY 92.4B
FCF EV Yield	9.83x
Financing CF	-85,828,000,000
Fiscal Year End	December
Founded	1,999
Goodwill	14,713,000,000
Graham Number	49.2917
Graham Upside	35.6
Income Tax	CNY 47.4B
Investing CF	-111,599,000,000
Is Primary Listing	0
Last Earnings Date	2026-04-28
Last Report Date	2026-03-31
Lynch Fair Value	CNY 100
Lynch Upside	175.4
Ma150	32.53
Ma150ch	11.74%
Ma20	37.92
Ma20ch	-4.14%
Net CF	8,834,000,000
Next Earnings Date	2026-08-27
Open	36.7
P FCF Ratio	12.25
P OCF Ratio	5.47
Payment Date	2025-10-17
Position In Range	12.96
Ppne	682,819,000,000
Price Date	2026-05-08
Price EBITDA	CNY 4.55
Ptbv Ratio	1.38
Relative Volume	0.7x
Revenue	407,445,000,000x
Tax By Revenue	11.64x
Tax Rate	27.55%
Tr6m	27.77%
Volume	40,022,426
Z Score	3.77

Fast facts

Decision checkpoints

A compact product layer over the same report payload.

Risk gate

n/a

Named kill scenarios are reviewed before any bullish rating can stand.

Moat score

n/a

Business quality stays separate from stock attractiveness.

Forward P/E

n/a

Valuation uses the full report model stack, not a single multiple.

Next action

Research pending

Final action steps are kept in the recommendation tab.

Income

SHA/600938 dividend yield, growth & safety

Yield, payout sustainability, and the multi-year growth streak.

Dividend yield

+3.5%

$1.27 annual per share

Payout ratio

+48.5%

Share of earnings returned as dividends. Below 60% is generally sustainable.

5Y dividend CAGR

n/a

0 consecutive years of growth

Total shareholder yield

+3.5%

Next ex-dividend date: 2025-10-17

Performance

SHA/600938 stock returns vs the market

Total return (incl. dividends) compared to S&P 500.

Ownership

Who owns SHA/600938?

Insider, institutional, and short-interest positioning.

Institutional ownership

+3.6%

Share of float held by funds and institutions

Insider ownership

+0.0%

Stake held by company insiders. Higher generally signals alignment.

Short interest

n/a

Float sold short by bearish positioning

Y/Y dilution

-0.0%

Negative means the company is buying back shares.

Technical

SHA/600938 momentum and risk profile

RSI, moving-average stack, beta, and risk-adjusted return.

RSI (14)

38.8

Neutral momentum band

Price vs 200-day MA

+17.7%

50/200-day relationship not available

Beta (5Y)

0.30

Less volatile than the market

Sharpe ratio

1.33

Risk-adjusted return — higher is better; >1.0 is solid.

Questions

About SHA/600938

Hub-level FAQ points readers to the deeper analysis pages.

What is the current sha/600938 stock rating?

sha/600938 is currently shown with the latest rating in the latest report. The hub links directly to the full analysis surface where the rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full sha/600938 analysis?

The full report lives at /stocks/sha/600938/analysis. The bare ticker page is a product hub that summarizes the latest read and sends readers into the relocated analysis tabs without making the analysis surface depend on the hub.

What fair-value range is used for sha/600938?

The latest report frames sha/600938 around the latest fair-value range. Treat that range as the entry point, then check the valuation, sensitivity, and bear-case tabs before making an investment decision.

How often is the sha/600938 page updated?

The hub updates with the latest published stock report and live backend market data. The analysis pages remain reachable under /analysis, so a hub rollback does not remove the report reader.